The S&P 500 is finishing 2025 on a high note, with emerging markets showing strong growth potential. The speaker highlights DLocal (DLO), Grab (GRAB), and Arcos Dorados (ARCO) as key stocks to watch in 2026. DLocal is a fintech company facilitating cross-border payments, benefiting from global digitization. Grab is a super-app with diverse services, including ride-hailing and fintech, expanding into autonomous driving. Arcos Dorados, a McDonald's franchisee in Latin America, shows strong growth and dividend potential. Emerging markets, particularly in Southeast Asia and India, are poised for significant growth driven by digitization and a rising middle class. Investors are advised to consider diversification into these markets and to build positions gradually.